New Delhi: Torrent Power Ltd (TPL) has entered into a landmark long-term Sale and Purchase Agreement (SPA) with JERA Co., Inc., Japan’s largest power generation company and a global leader in the LNG value chain. Under the agreement, JERA will supply up to 0.27 MMTPA of LNG to Torrent Power for a period of 10 years beginning in 2027.
The LNG procured will be strategically deployed to operate Torrent’s 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India, ensuring reliable support during peak demand periods and balancing renewable energy integration. Additionally, the supply will cater to the growing requirements of Torrent Gas Ltd. (TGL), the City Gas Distribution (CGD) arm of the Torrent Group, thereby strengthening gas availability for households, commercial and industrial consumers, and CNG vehicles.
This agreement underscores Torrent’s commitment to clean energy and long-term energy security. By securing competitively priced LNG, the company aims to contribute to the Government of India’s target of raising natural gas’s share in the energy mix to ~15% by 2030. The deal also positions Torrent to leverage current softness in LNG prices, with plans to explore further medium- and long-term procurement opportunities to diversify its portfolio and meet rising demand across GBPPs and CGD networks.
Torrent Power, part of the ₹45,000 crore Torrent Group, is a leading integrated power utility with revenues of ₹29,165 crore. The company operates across the entire power value chain – generation, transmission, and distribution.
- Generation Capacity: 4.96 GWp (2.73 GW gas-based, 1.87 GWp renewable, 362 MW coal-based).
- Projects Under Development: ~3.6 GWp renewable, 3 GW pump storage, and 1.6 GW coal-based capacity.
- Future Outlook: With total generation and pumped storage capacity (including projects under development) of ~10.16 GWp and 3 GW respectively, Torrent Power is positioned as a key player in India’s energy transition.
